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Wall Street rallies on economic data, crude falls as stockpiles jump

Wall Street rallies on economic data, crude falls as stockpiles jump

NEW YORK, Aug 3 (Reuters) – U.S. stocks closed sharply higher and Treasury yields hit a two-week high on Wednesday, as strong economic data, upbeat business guidance and an easing of geopolitical concerns propelled investors’ appetite for risk. Crude futures for the previous month fell after a report that US crude and gasoline stockpiles unexpectedly …

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OPEC+ agrees tiny output rise in setback for Biden

OPEC+ agrees tiny output rise in setback for Biden

OPEC will raise production target by 100,000 bpd starting in September OPEC faces production problems to meet existing targets The United States seeks more production from OPEC to counteract Russia Biden trip, US arms sales failed to persuade DUBAI/LONDON, Aug 3 (Reuters) – OPEC+ will raise its oil output target by 100,000 barrels a day, …

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Oil falls 4%, pressured by surprise U.S. crude, gasoline build

Oil edges up ahead of OPEC meeting despite recession worries

The sticker says crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Sign up now for FREE unlimited access to Reuters.com Record US Crude, Gasoline Stockpiles Unexpectedly Rise: EIA OPEC + decides a small increase of 100,000 bpd to the …

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Oil edges up ahead of OPEC meeting despite recession worries

Oil edges up ahead of OPEC meeting despite recession worries

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Register now for FREE unlimited access to Reuters.com Register OPEC+ meets on Wednesday to discuss whether to boost output POLL-U.S. crude, gasoline stockpiles likely fell last week Factories squeezed …

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BP boosts dividend after profit hits 14-year high

BP boosts dividend after profit hits 14-year high

Earnings soar to $8.45 billion, far exceeding forecasts BP increases dividend by 10% BP will increase spending on oil and gas, says CEO Profits Boosted by Strong Oil Trading, Hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second-quarter profit soared to $8.45 billion, its highest level in 14 years, as strong refining and …

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Toyota unit falsified emissions data from at least 2003, probe finds

Toyota unit falsified emissions data from at least 2003, probe finds

Hino Motors Ltd displays its new Hybrid Profia, a diesel-hybrid version of its large commercial truck model at its Hino R&D Center in Tokyo, Japan, July 17, 2018. REUTERS/Naomi Tajitsu/File Photo Sign up now for FREE unlimited access to Reuters.com Record Committee releases report on Hino fake data scandal He says that the engineers did …

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Asian stocks slide with U.S. yields on Pelosi jitters; Aussie drops

Google helps jittery stocks ahead of Fed

A man wearing a protective face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen displaying the Shanghai Composite Index, the Nikkei Index and the Dow Jones Industrial Average in front of a house of stock exchange in Tokyo, Japan, on February 14, 2022. REUTERS/ Kim Kyung Hoon Sign up now for FREE …

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Oil up over $2 per barrel as hopes fade for OPEC+ supply boost

Oil rises $2 as dollar eases, market wary of Fed

Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the Patagonian province of Neuquen, Argentina, January 21, 2019. REUTERS/Agustin Marcarian/File photo Sign up now for FREE unlimited access to Reuters.com Record US drillers add oil rigs for the 23rd month in a row, a record: Baker Hughes. Brent at …

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U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

High prices and margins lead large companies to the best quarters in history Exxon profits top previous record set in 2012 Jul 29 (Reuters) – The two largest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), reported record revenue on Friday, boosted by rising oil prices. crude oil and natural gas and …

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Shell, Total continue buyback bonanza after record profits

Shell, Total continue buyback bonanza after record profits

Second quarter total profit $9.8 billion vs. first quarter $9 billion Shell profit in the second quarter of $11.5 billion vs. the first quarter of $9.1 billion Shell to buy back $6bn worth of shares, total $2bn Fixed dividends: Total 0.69 eur/shr, Shell $0.25/shr LONDON, July 27 (Reuters) – Europe’s biggest oil companies Shell (SHEL.L) …

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